FAO Larrald re Corporation Tax........
You keep peddling this line about the low rate of UK Corporation Tax recently, but the most important consideration has to be the amount of money collected by a tax, not just the headline rate.
If you check the official figures, the Corporation Tax 'take' in monetary terms is higher now than it was in 2010, when the rate was several % higher.
Simple when you think about it; lower corporation tax attracts more companies to the UK, equals more jobs, equals more tax money collected (not just from corporation tax) equals more money for the government to spend.
It's why Corbyns higher income tax rates won't work; the folk at the top end can afford advisors and accountants etc to move their money around or avoid tax, whatever you want to call it and the actual money collected will fall.
Comrade Sturgeon already has the power to raise tax rates in Scotland, but has stubbornly refused to do it, ever wondered why?
Posted By: Kirrie on May 25th 2017 at 16:20:14
Message Thread
- FAO Larrald re Corporation Tax........ (General Chat) - Kirrie, May 25, 16:20:14
- Well.................................... ..... (General Chat) - Larry Hagman, May 25, 20:51:20
- Er.... (General Chat) - Tricky Hawes, May 25, 16:34:50
- Economic growth encouraged (in part) by lower corporation tax rates (General Chat) - Jim, May 25, 17:22:27
- (Of course, someone on your wing of politics (General Chat) - Tricky Hawes, May 25, 16:45:25
- Ah see this is WW2 as you have summarised the same argument above (n/m) (General Chat) - Jim, May 25, 17:23:26
- Sorry meant see my comment above is WW2 (n/m) (General Chat) - Jim, May 25, 17:23:50
- Ah see this is WW2 as you have summarised the same argument above (n/m) (General Chat) - Jim, May 25, 17:23:26
- details... (General Chat) - Ralf Scrampton, May 25, 16:42:36
- That's not quite true (General Chat) - Tricky Hawes, May 25, 16:57:33
- why would i not be adjusting for inflation when trying to compare across years? (General Chat) - Ralf Scrampton, May 25, 17:31:54
- because we were talking about the tax base (General Chat) - Tricky Hawes, May 25, 18:08:24
- which again gives a misleading picture dunt it? anyway your last 2 words were 'economic gr (General Chat) - Ralf Scrampton, May 25, 21:59:56
- Details (General Chat) - Old Git, May 25, 18:26:11
- it is isn't it? (n/m) (General Chat) - Ralf Scrampton, May 25, 22:01:21
- because we were talking about the tax base (General Chat) - Tricky Hawes, May 25, 18:08:24
- why would i not be adjusting for inflation when trying to compare across years? (General Chat) - Ralf Scrampton, May 25, 17:31:54
- That's not quite true (General Chat) - Tricky Hawes, May 25, 16:57:33
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